Nigeria
IMF asks CBN to harmonise FX rates for market clearance
The International Monetary Fund (IMF) has called for the adoption of the Nigerian Autonomous Foreign Exchange (NAFEX) window for official transactions as well ...
Nigeria
Nigeria: MTN achieves 88.9% nationwide coverage
Nigeria’s largest mobile network operator, MTN, has announced that it has now reached an extensive nationwide network coverage of 88.9%. The company disclosed ...
Nigeria
From Q3 2021, Nigerian fintechs without defined regulations must undergo incubation before operating
Nigeria’s Securities and Exchange Commission (SEC) has hinted at a new requirement for financial technology businesses in the country. Starting Q3 2021, fintech ...
Nigeria
CBN grants Lotus Bank non-interest banking licence
The Central Bank of Nigeria has granted a non-interest banking licence to Lotus Bank Limited. A statement titled ‘CBN grants Lotus Bank licence ...
Nigeria
Nigeria: Telcos Kick As Govt Mulls Excise Tax On Airtime
The Federal government of Nigeria has unveiled a fresh plan to introduce excise duty on telecoms’ airtime charges. A report by Reuters said ...
Nigeria
Nigeria: Stanbic IBTC Bank Named ‘Best Sub-Custodian Bank’
Stanbic IBTC Bank Plc said it emerged ‘Best Sub-Custodian Bank in Nigeria’ at the 2021 edition of the Global Finance Best Sub-Custodian Bank ...
Nigeria
CBN set to mint currency for Gambia
The Central Bank of Nigeria (CBN) says it is ready to help the Central Bank of the Gambia (CBG) to print its legal ...
Nigeria
GIGL partners JET Motor Company to launch Nigeria’s first electric vehicle for deliveries
In an effort to reduce carbon emission GIGL, a courier and Logistics company has partnered with JET Motor Company to launch its first ...
Nigeria
FIRS: Tax defaulters to pay 50% of disputed amount into court account before hearing
The Federal Inland Revenue Service (FIRS) says tax defaulters instituting legal cases against the agency will pay 50 percent of the assessed amount ...
Nigeria
BOI partners with SME.NG to digitise women owned business in Nigeria
SME.NG’s e-market platform is set to go live with the aim to provide access to finance, wider market access, technical and business support ...